Common use of Termination by the Manager Clause in Contracts

Termination by the Manager. Each Manager will have the right, by giving written notice to the Company, to terminate its obligations under this Agreement relating to the solicitation of offers to purchase the Shares in its sole discretion at any time. Any such termination will be without liability of any party to any other party, except that, as between the Company and such Manager, Sections 1 (as to any representations and warranties made thereunder prior to such termination), 5, 7, 8, 10, 11, 12, 13, 14, 16, 17, 18, 19 and 20 will remain in full force and effect notwithstanding such termination. A termination pursuant to this subsection (b) will become effective at the close of business on the date the Company receives such notice.